#Alibaba's Ant gets approval to expand capital $BABA $KWEB #stocks #trading #China #tencent
Alibaba’s Hong Kong-traded shares traded 8% higher Wednesday on the positive news that Ant Group’s consumer finance unit has received approval to more than double its registered capital, a first sign of progress since the cancellation of Ant's IPO in late 2020. Could it be a new positive era for Chinese tech?
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